24 May 2021
Dear Experts, Please advice is there any capital gain if partner received excess money than his capital balance which comes in firm at the time of retirement????
If there is capital gain then please suggest whether it will be short term or long term capital gain??
In case of long term capital gain what will be the period of holding for long term capital gain and for which asset period of holding will be considered??
Can the firm take benefit of indexation in case of long term capital gain???
CAclubindia
